Jerash (US) (JRSH) Q2 2027 earnings summary

Executive summary

• Q2 FY2027 revenue rose 19.8% YoY to $50.3 million; net income increased to $2.16 million from $479,000, supported by stronger shipments and production efficiency.

• H1 revenue grew 23.2% to $100.52 million and net income reached $3.84 million versus $803,000 a year earlier.

• Facilities are fully booked through June 2027; expansion projects are expected to add 15–20% capacity by September 2027.

Financial highlights

• Q2 revenue was $50.29 million (+19.8% YoY); gross profit rose 45.4% to $9.15 million, and operating income increased to $3.07 million from $1.09 million.

• Q2 net income was $2.16 million versus $479,000; H1 operating income was $5.70 million versus $2.05 million, and net income was $3.84 million versus $803,000.

• H1 revenue increased 23.2% to $100.52 million and gross profit rose 40.6% to $17.41 million.

• H1 operating cash flow was $7.53 million versus $318,000; cash and equivalents were $16.05 million at September 30, 2026.

Outlook and guidance

• Q3 FY2027 revenue guidance is $49–$51 million, up 17–22% YoY; gross margin guidance is 16–17%, reflecting elevated raw-material logistics costs and new-worker onboarding.

• Renovations at the acquired facility and a third satellite factory are expected to be completed by September 2027, adding 15–20% production capacity.

• Confirmed orders fill capacity through June 2027; additional orders and product-development work are progressing for later delivery.

• Cash on hand and operating cash generation are expected to meet working-capital needs for the next 12 months; higher capital spending is planned over the next two fiscal years, subject to demand and customer commitments.